REMOTEC: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
REMOTEC
NACE 43.212, Electrical installation work in industrial facilities
financial year 2023 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
€1.8m
2023 · €32,939+€1.8m
Equity
€1.3m
2023 · €898,638+€398,716
Cash
€442,409
2023 · €228,997+€213,412
Balance sheet total
€11.2m
2023 · €17.4m-€6.2m
Largest movements
Assets
- Tangible fixed assets -€5.2m
down €5.2m (-87.4%), from €5.9m to €751,271
of which Land and buildings: -€5.2m
- Receivables within one year -€2.0m
down €2.0m (-23.1%), from €8.8m to €6.8m
of which Trade receivables: -€1.6m
- Financial fixed assets +€853,150
up €853,150 (+167.8%), from €508,471 to €1.4m
of which Affiliated companies: +€860,000
- Cash +€213,412
up €213,412 (+93.2%), from €228,997 to €442,409
Equity and liabilities
- Debts after one year -€4.1m
down €4.1m (-66.9%), from €6.1m to €2.0m
- Revaluation surpluses -€2.4m
down €2.4m (-100.0%), from €2.4m to €0
- Profit (loss) carried forward +€1.8m
up €1.8m (+79.7%), from -€2.3m to -€470,025
- Short-term financial debts -€1.4m
down €1.4m (-29.6%), from €4.7m to €3.3m
- Contributions +€960,000
up €960,000 (+133.6%), from €718,592 to €1.7m
Income statement
- Turnover +€9.6m
up €9.6m (+44.5%), from €21.7m to €31.3m
- Goods and materials +€4.3m
up €4.3m (+55.1%), from €7.8m to €12.1m
of which Purchases: +€4.1m
- Services and other goods +€4.1m
up €4.1m (+61.5%), from €6.6m to €10.7m
- Staff costs +€2.4m
up €2.4m (+36.2%), from €6.8m to €9.2m
- Other operating income +€669,027
up €669,027 (+46.4%), from €1.4m to €2.1m
From the 2023 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2023
€32,939
Turnover
+€9.6m
Other operating income
+€669,027
Goods and materials
-€4.3m
Services and other goods
-€4.1m
Staff costs
-€2.4m
Depreciation
+€232,907
Write-downs
-€42,214
Provisions
-€40,457
Other operating charges
-€305,567
Other operating items
+€2.6m
Financial income
+€172,485
Financial charges
-€163,976
Taxes
-€114,407
Result 2025
€1.8m
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,382,282 | €11,224,928 | -€6.2m | -35.4% |
| Formation expenses | 20 | €24,666 | €12,522 | -€12,144 | -49.2% |
| Fixed assets | 21/28 | €6,890,099 | €2,410,536 | -€4.5m | -65.0% |
| Intangible fixed assets | 21 | €434,607 | €297,644 | -€136,963 | -31.5% |
| Tangible fixed assets | 22/27 | €5,947,021 | €751,271 | -€5.2m | -87.4% |
| Land and buildings | 22 | €5,154,535 | €0 | -€5.2m | -100.0% |
| Plant, machinery and equipment | 23 | €459,067 | €244,606 | -€214,461 | -46.7% |
| Furniture and vehicles | 24 | €184,375 | €328,028 | +€143,653 | +77.9% |
| Leasing and similar rights | 25 | €32,700 | €212 | -€32,488 | -99.4% |
| Other tangible fixed assets | 26 | €11,777 | €157,135 | +€145,358 | +1234.3% |
| Assets under construction and advance payments | 27 | €104,567 | €21,291 | -€83,276 | -79.6% |
| Financial fixed assets | 28 | €508,471 | €1,361,621 | +€853,150 | +167.8% |
| Affiliated companies | 280/1 | €495,751 | €1,355,751 | +€860,000 | +173.5% |
| Participating interests | 280 | €495,751 | €495,751 | = | 0.0% |
| Amounts receivable | 281 | - | €860,000 | +€860,000 | |
| Other financial fixed assets | 284/8 | €12,720 | €5,870 | -€6,850 | -53.9% |
| Amounts receivable and cash guarantees | 285/8 | €12,720 | €5,870 | -€6,850 | -53.9% |
| Current assets | 29/58 | €10,467,517 | €8,801,870 | -€1.7m | -15.9% |
| Amounts receivable after more than one year | 29 | €97,622 | €120,966 | +€23,344 | +23.9% |
| Other amounts receivable | 291 | €97,622 | €120,966 | +€23,344 | +23.9% |
| Stocks and contracts in progress | 3 | €1,090,617 | €1,083,958 | -€6,659 | -0.6% |
| Stocks | 30/36 | €1,014,900 | €891,862 | -€123,038 | -12.1% |
| Raw materials and consumables | 30/31 | €1,014,900 | €891,862 | -€123,038 | -12.1% |
| Contracts in progress | 37 | €75,717 | €192,096 | +€116,379 | +153.7% |
| Amounts receivable within one year | 40/41 | €8,798,819 | €6,766,695 | -€2.0m | -23.1% |
| Trade receivables | 40 | €5,629,916 | €4,039,715 | -€1.6m | -28.2% |
| Other amounts receivable | 41 | €3,168,902 | €2,726,981 | -€441,922 | -13.9% |
| Cash at bank and in hand | 54/58 | €228,997 | €442,409 | +€213,412 | +93.2% |
| Deferred charges and accrued income | 490/1 | €251,462 | €387,842 | +€136,380 | +54.2% |
| Total equity and liabilities | 10/49 | €17,382,282 | €11,224,928 | -€6.2m | -35.4% |
| Equity | 10/15 | €898,638 | €1,297,354 | +€398,716 | +44.4% |
| Contributions | 10/11 | €718,592 | €1,678,592 | +€960,000 | +133.6% |
| Revaluation surpluses | 12 | €2,410,268 | €0 | -€2.4m | -100.0% |
| Reserves | 13 | €88,788 | €88,788 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €86,928 | €86,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,319,010 | -€470,025 | +€1.8m | +79.7% |
| Provisions and deferred taxes | 16 | - | €40,457 | +€40,457 | |
| Provisions for liabilities and charges | 160/5 | - | €40,457 | +€40,457 | |
| Other liabilities and charges | 164/5 | - | €40,457 | +€40,457 | |
| Amounts payable | 17/49 | €16,483,644 | €9,887,118 | -€6.6m | -40.0% |
| Amounts payable after more than one year | 17 | €6,063,839 | €2,009,801 | -€4.1m | -66.9% |
| Financial debts | 170/4 | €6,063,839 | €2,009,801 | -€4.1m | -66.9% |
| Subordinated loans | 170 | €1,618,434 | €1,745,866 | +€127,431 | +7.9% |
| Leasing and similar obligations | 172 | €2,098 | €0 | -€2,098 | -100.0% |
| Credit institutions | 173 | €4,443,307 | €263,936 | -€4.2m | -94.1% |
| Amounts payable within one year | 42/48 | €9,948,080 | €7,558,866 | -€2.4m | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €482,448 | €180,894 | -€301,554 | -62.5% |
| Financial debts | 43 | €4,728,631 | €3,331,217 | -€1.4m | -29.6% |
| Credit institutions | 430/8 | €4,728,631 | €3,331,217 | -€1.4m | -29.6% |
| Trade debts | 44 | €3,198,914 | €2,531,779 | -€667,135 | -20.9% |
| Suppliers | 440/4 | €3,198,914 | €2,531,779 | -€667,135 | -20.9% |
| Advances received on contracts in progress | 46 | €264,090 | €133,307 | -€130,783 | -49.5% |
| Taxes, remuneration and social security | 45 | €982,364 | €855,778 | -€126,587 | -12.9% |
| Taxes | 450/3 | €44,805 | €212,960 | +€168,155 | +375.3% |
| Remuneration and social security | 454/9 | €937,560 | €642,818 | -€294,742 | -31.4% |
| Other amounts payable | 47/48 | €291,633 | €525,891 | +€234,259 | +80.3% |
| Accrued charges and deferred income | 492/3 | €471,725 | €318,450 | -€153,275 | -32.5% |
| Operating income | 70/76A | €23,135,477 | €36,600,119 | +€13.5m | +58.2% |
| Turnover | 70 | €21,660,105 | €31,294,935 | +€9.6m | +44.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€65,447 | €80,670 | +€146,117 | |
| Own construction capitalised | 72 | €39,092 | €0 | -€39,092 | -100.0% |
| Other operating income | 74 | €1,442,467 | €2,111,494 | +€669,027 | +46.4% |
| Non-recurring operating income | 76A | €59,260 | €3,113,020 | +€3.1m | +5153.2% |
| Operating charges | 60/66A | €22,410,046 | €33,952,744 | +€11.5m | +51.5% |
| Goods for resale, raw materials and consumables | 60 | €7,823,541 | €12,132,907 | +€4.3m | +55.1% |
| Purchases | 600/8 | €7,899,109 | €12,039,037 | +€4.1m | +52.4% |
| Change in stocks: decrease (increase) | 609 | -€75,568 | €93,870 | +€169,438 | |
| Services and other goods | 61 | €6,611,217 | €10,674,040 | +€4.1m | +61.5% |
| Remuneration, social security and pensions | 62 | €6,770,965 | €9,218,803 | +€2.4m | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829,171 | €596,264 | -€232,907 | -28.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,156 | €60,370 | +€42,214 | +232.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €40,457 | +€40,457 | |
| Other operating charges | 640/8 | €268,027 | €573,594 | +€305,567 | +114.0% |
| Non-recurring operating charges | 66A | €88,968 | €656,309 | +€567,341 | +637.7% |
| Operating profit (loss) | 9901 | €725,432 | €2,647,376 | +€1.9m | +264.9% |
| Financial income | 75/76B | €37,612 | €210,097 | +€172,485 | +458.6% |
| Recurring financial income | 75 | €37,612 | €210,097 | +€172,485 | +458.6% |
| Income from current assets | 751 | €33,884 | €191,391 | +€157,507 | +464.8% |
| Other financial income | 752/9 | €3,728 | €18,706 | +€14,978 | +401.8% |
| Financial charges | 65/66B | €724,512 | €888,488 | +€163,976 | +22.6% |
| Recurring financial charges | 65 | €724,512 | €888,488 | +€163,976 | +22.6% |
| Debt charges | 650 | €530,989 | €649,462 | +€118,472 | +22.3% |
| Other financial charges | 652/9 | €193,523 | €239,026 | +€45,504 | +23.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €38,532 | €1,968,985 | +€1.9m | +5010.0% |
| Income taxes | 67/77 | €5,593 | €120,000 | +€114,407 | +2045.5% |
| Taxes | 670/3 | €7,904 | €120,000 | +€112,096 | +1418.3% |
| Tax adjustments and reversals of tax provisions | 77 | €2,310 | €0 | -€2,310 | -100.0% |
| Profit (loss) for the period | 9904 | €32,939 | €1,848,985 | +€1.8m | +5513.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,939 | €1,848,985 | +€1.8m | +5513.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.